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Real Estate & Property Law

: The Home Equity Theft Reporter

Failure To Properly Serve Junior Lienholder Not Fatal To Foreclosure Sale Where 1st Mtg Balance Exceeded Home Value; Court Says "No Harm, No Foul"

By r morris

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The Wisconsin Law Journal reports:Last year, the Wisconsin Court of Appeals addressed what remedies were available to a junior lienholder who failed to participate in a foreclosure action. Effectively, the court limited the bank to purchasing the mortgagor?s right of redemption. (JP Morgan Chase Bank, N.A., v. Green, 2008 WI App 78, 753 N.W.2d 536)On Dec. 17, it addressed a corollary to that

Full post as published by The Home Equity Theft Reporter on December 27, 2009 (boomark / email).

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